Wednesday, July 30, 2008

Fannie, Freddie, Mortgage Rescue Bill Passed

In an avalanche of hugely relevant bailout news, we get the mortgage rescue bill, with Fannie Mae and Freddie Mac provisions, signed in to law by President Bush today.

Relevant features of the bill with commentary on their effect on the credit market and value of the dollar—as well as who benefits, who will not, and who pays—will be posted in a day or two.

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